SEI crypto hits 5-month high, but this 10% dip could signal trouble – Why?

• The average size of the order SEI showed a heavy dominance of whales until June.
• The positive influx of pure influx suggests that the pressure on profit could in the near future attract SEI to $ 0.29.

Be [SEI] It increased almost 70% of 22 to 25 June and broke its 5 -month maximum to $ 0.336.

June 25, Altcoin closed at $ 0.2803 after Intraday hit a maximum of $ 0.3341. The rally, however, began to lose Steam 26., with Sei traded for $ 0.2762, which is 10.41% for 24 hours during the press.

This conversion comes in the middle of a fascinating shift in whale behavior and market placement.

Whales led accusations – but where are they now?

The average order size, monitored through a cryptoquant, showed dominance of whales during June. This is a signal of severe accumulation.

However, as the prices began to be released last day, the whales have reduced their activity and calmed down.

This means that whale activity has shifted higher prices and has to be reopened by the market after escape.

Open interest sei hits ATH!

Futures market activity exploded.

According to Alfractal, SEI’s open interest rate increased by 48.3% to $ 243.5 million 25 June, historically the highest.

This increase and 155% by shift volume ($ 436.4 million) indicate aggressive capital deployment.

Such SEI movements are clear signs that market creators are already deposited in the middle of the sentiment on the market. Usually, when smart money becomes bull and starts to act, it means the beginning of strong trends.

Sei sentiment hit its highest reading of the year

According to Ambrypt’s analysis, Sei has experienced a strong upward momentum in the middle of a shift in the market sentiment.

Data Santiment confirmed that the weighted sentiment SEI climbed 25 June to 7.186 – the highest in more than a year.

When a positive sentiment hits a year high, it reflects growing confidence in all market participants, whales and retail. With anyone who becomes a bull, it leaves SEI in a favorable position for a potential assembly.

So if the whales can hold their positions, while the sentiment holds the bull, we could see the sei rally at $ 0.35. However, this increase is threatened due to increased profit behavior.

Burns out

Sei for the first time broke over $ 0.30 from January. This level has now become a magnet for profit.

Traders who have been holding underwater bags since March have found themselves in the green and seem to many of them.

Therefore, the influx of altcoin exchange network has been positive in the last three days.

Therefore, if this behavior continues when making profits, Altcoin is subfamored below $ 0.3 and finds support around $ 0.29.